Are They Really That Worthless?

Victim of an Unfair Cartel?

Are old cars really worthless even though they run as smooth as mercury?

Since when did the price of second hand cars went into self-destruct mode?

Was it after the much rushed thoughtless New Automotive Policy launched during the former PM's era which apparently wiped out many second-hand car dealers?

I think there could be some cartel fixing by second-hand car dealers and adjusters to ensure most cars which are still good in running condition fetch no more that scrap value.

My conclusion-it must be so since a car manufactured in 1995 can now only fetch a few hundred ringgits and one manufactured in 2000, possibly one grand.

Only option left.

Keep these cars well as even new cars will sink in value given these atrocious second hand market price fixing.